iShares Convertible Bond ETF (BATS:ICVT) Hits New 52-Week High Following Dividend Announcement

iShares Convertible Bond ETF (BATS:ICVT) shares reached a new 52-week high on Monday after the company announced a dividend. The company traded as high as $79.14 and last traded at $78.37, with a volume of 182265 shares trading hands. The stock had previously closed at $78.63.

The newly announced dividend which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be paid a $0.1563 dividend. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend is Monday, July 1st.

iShares Convertible Bond ETF Stock Down 0.2 %

The business has a fifty day moving average price of $78.26 and a 200 day moving average price of $78.15.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Several hedge funds have recently made changes to their positions in ICVT. Assetmark Inc. boosted its holdings in iShares Convertible Bond ETF by 293.8% during the fourth quarter. Assetmark Inc. now owns 1,562,320 shares of the company’s stock worth $122,783,000 after purchasing an additional 1,165,563 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its stake in shares of iShares Convertible Bond ETF by 2,269.2% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 922,016 shares of the company’s stock worth $68,423,000 after buying an additional 883,099 shares during the last quarter. Advisory Alpha LLC grew its holdings in shares of iShares Convertible Bond ETF by 4.3% in the 1st quarter. Advisory Alpha LLC now owns 420,431 shares of the company’s stock valued at $33,569,000 after acquiring an additional 17,403 shares in the last quarter. Greenleaf Trust increased its position in shares of iShares Convertible Bond ETF by 31.7% in the first quarter. Greenleaf Trust now owns 388,612 shares of the company’s stock valued at $31,023,000 after acquiring an additional 93,429 shares during the last quarter. Finally, New York Life Investment Management LLC raised its holdings in iShares Convertible Bond ETF by 11.4% during the fourth quarter. New York Life Investment Management LLC now owns 348,445 shares of the company’s stock worth $27,384,000 after acquiring an additional 35,665 shares in the last quarter.

iShares Convertible Bond ETF Company Profile

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles.